H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FDR® F. R, -283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Nov. 6; of the Federal Reserve System not earlier. Koveiriber 5* 19^2 CONDITION OF THE FEDERAL'RiSSBRVB.BANKS During the week ended November k member bank reserve balances decreased $35*000,000. Reductions in member bank reserves arose.from increases of $230,000/000 in money in circulation and $11,000,000 in Treasury cash, offset in part by increases of $102,,000,0Q0 in Reserve Bank credit and $3,000,000 in Treasury t currency, and decreases of $11,000,000 in Treasury deposits with Federal Reserve Banks and $88,000,000 in nonmerriber deposits and other Federal Reserve accounts, . Excess reserves of member banks on November k were estimated to be approximately $2*120,000,000, a decrease of $1*0,000,000 for the week. The principal change in holdings of bills and securities was an increase of $110,000,000 in United States Government securities. Bonds increased $50,000,000 and notes $132,000,000, while certificates decreased $1*6,000,000 and bills $26,000,000. Changes in member bank reserve balances and related items during the week and the year ended November 1*, I9u2, were as followst Increase.or decrease since Nov* U, Oct. 28, Nov* 191+2 191*2 19U (In millions of dollars) Bills discounted 11 + 2 * 5 +2 U. S. "Government direct obligations .4,534 +110 -» 355 U. S. Governmenr guaranteed obligations 17 + 12 Industrial advances ,(not j.ncludipg 10 million commitments - November 4) 15 + 1 + 5 Other Reserve Bank credit 101+ - o • 57 Total Reserve Bank credit 4,680 +102 + 2,433 Gold stock . - 22,739 — - 49 Treasury currency 3,369 + 3 + 148 Member bank reserve balpnges 12,211 - 35 - 383 Money in circulation 14,312 +230 +3,891 Treasury caeh 2,260 + 11 + 65 Treasury deposits with F. R.Banks 361 - 11 - 572 Nonmember deposits and other F.R.accounts -1,646 -88 "-• 466 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form E. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 4, I942 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila„ Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran* P. R. notes in actual circulation 11,302,299 822,197 2,629,712 738,902 1,049,279 721,485 494,626 2,248,665 476,869 277,709 394,234 228,387 1,170,234 Deposits* Member bank-reserve acct. 12,210,595 698,126 4,550,353 599,525 964,393 515,335 433,535 1,775,829 411,164 250,514 468,072 423,904 1,113,945 U.S.Treasurer-general acct. 36Q,777 30,442 113,724 28,831 36,454 5,601 13,22:7 32,437 17,250 .30,883 7,017 10,806 34,105 Foreign 894,211: 23,511 1/474,660 66,046 63,294 30,271 24,079 83,933 20,639 15,136 19,951: 19,951 52,740 Other 463,981 5,299 302,993 15,467 55,156 11,698 2,689 6,587 11,093 10,083 7,282 5,110 35,519 Total deposits 13,934,564 757,378 5,441,730 709,869 1,119,297 562,905 473,530 1,898,786 460,146 306,621 503,222 464,771 1,236,309 Deferred availability items 1,047,012 89,650 189,075 63,475 122,966 83,498 42,246 180,194 50,342 30,388 61,936 51,674 76,518 Other liabilities including accrued dividends 5,243 666 1,367 313 511 403 265 • 589 202 136 228 220 341 TOTAL LIABILITIES 26,289,123 1,669,893 3,261,884 1,567,559 2,292,053 1,368,2961,010,667 4,323,234 937,559 614,854 059,670 745,052 2,483,402 CAPITAL ACCOUNTS Capital paid in 145,397 9,479 53,498 11,755 14,850 5,846 5,-173 16,033 4,513 3,073 4,702 4,451 12,019 Surplus (Section 7) 157,502. 10,949 -56,651 15,171 14,346 5,236 5,725 22,925 4,966 3/152 3,613 3,976 10,792 Surplus (Section 13b) 26,781 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Othor capital accounts 52,005 2,727 14,777 3,454 5,050 2,158 2,521 3,916 2,165 2*681 2,220 2,054 3,282 : : TOT-uL LLiBILITISS AI:D • " : n CAPITAL ACCOUNTS 26,670,808 1;.695,922 8,393,880 1,602,332 2,327,306 1,384,780 l£24,7o 4,377,542 999,733 624,760 971,342 756,796 2,511,616 Commitments to make industrial advances 10>230 112 318 1,409 456 1,174 135 123 . 972 — 1,286 — 4,245 F. R. notes outstanding 11,747,471 877,791 2,722,302 811,530 1,032,540 749,664 525,391 2,296,269 500,903 '283,139 407,169 246,369 1,243,404 Collateral for F.R.notes held by F.R.Agentsj Gold certificates i.1,907,600 892,000 2,740,000 825,000 1,090,000 758,000 550,000 2,320,000 510,000 235,000 410,000 253,000 1,274,030 Eligible paper 4,090 3,795 200 — 10 — 45 4o MATURITY DISTRIBUTION OF BILLS AKD- SECURITIES Within 16 to 31 to 61 to ;9l days to 6 months 1 to 2 2 5.to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Bills discounted 10,540 5,470 1,1+99 2,501 1,070 — — — — Industrial advances 14,994 3,528 466 247 2,168 725 1,160 1,019 681 — U. S. Government securities. t direct and guaranteed 4", 550,856 37,287 11,503 188,039 ii26,85U f ! 213,781* 3814,01*2 295,575 1,1U2,61*3 1,351,079 : l/ After deducting $418,352,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283a Released for publication Fri<Jay morning, November 6, .1942; not earlier• STATEMENT OF CONDITION OF THE TWELVE FEDER.iL RESERVE "BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov Oct. 29, Nov, 5, 1942 1942 1941 A S S E TS Gold certificates on hand and due from U. S. Treasury- 20,554,126 + 6,997 2,904 Redemption fund - F. R. notes • 15,081 - 1,331 + 526 Other cash 232,746 - 17,766 - 25,397 Total reserves 20,801,953 . - 12,100 - 27,775 Bills discounted! Secured by U, S, Gov*t obligations, direct and guaranteed 5,540 + 1,470 + 3,406 Other bills discounted 5,000 — + 1,137 Total bills discounted 10,540 + 1,470 + . 4,543 Industrial advances 14,994 + 710 + 4,961 II. S. Government securities, direct and guaranteedj Bonds 2,166,053 • 50,327 • 759,253 Notes 1,320,444 +132,233 + 543,144 Certificates 634,448 - 46,478 • 634,448 Bills 429,911 - 26,540 + 429,911 Total U. S. Government securities, direct and guaranteed 4,550,856 +109,542 +2,366,756 Total bills and securities 4,576,390 +111,722 +2,376,260 Due from foreign banks. 47 F. R. notes of 'other banks 37,449 - 1,463 768 Uncollected items 1,150,646 - 90,495 + -242,393 Bank premises 4o,147 45 753 Other assets 64,176 + 3.009 . + 18,066 TOTAL ^SSETS 26,670,808 + 10,628 +2,607,423 L I A B I L I T I ES F, R. notes in actual circulation 1111,,330022,,229999 +222,794 ++33,,882277,,224400 Deposits* Member bank-reserve account 12,210,595 - 35,307 - 383,835 U, S. Treasurer - general %ccount 360,777 - 10,947 - 572,443 Foreign 894,211 - 58,347 - 252,940 Other 468,981 - 26;464 - 205,232 Total deposits 13,934,564 -131,065 -1,414,450 Deferred availability items 1,047,012 -- 8800,,775566 ++ 113355,,443399 Other liabilities including accrued dividends 5,248 429 + 430 TOTAL LIABILITIES 26,239,123 • 10,544 +2,593,659 C A P I T AL A C C O U N TS Capital paid in 145,397 20 + 4,113 Surplus (Section 7) 157,502 -- + 437 Surplus (Section ljb) 26,731 -- 4 Other capital accounts 52,005 + 104 + 4,218 TOT*L LIABILITIES *ND CAPITAL ACCOUNTS • ' 26,670,808 + 10,628 +2,607,423 Ratio of total reserves to deposit and F. R. note liabilities combined 32.4% - 8,9fo - Commitments to make industrial advances 10,230 - 1,342 - 3,945 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 4, 1942 (In thousands of .dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Lcuis Minn* Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U«STreasury 20,5#wl26 1,195*593 6,899*1*12 1j169>797 1,750,781 962,664 744,373 3,560,523 708,948 457,667 685,953 512,412 1,906,003 # Redemption fund -F.R.notes 15,081 1,671* 1,467 573 736 1,256 408 580 361 281 502 434 6,759 Other cash 232,71*6 22,11*8 51,716 8,631 19,753. 14,134 13,272 27,623 14,644 7,359 8,396 12,459 32,611 Total reserves 20,801,953 1,219,1*15 6,952,595 1,179.001 1.771,270 978,054 758,053 3,588,726 723,953 465,307 ^4,851 525,355 1,945,373 Bills discounted* Secured by U S* Gov't obligations, # direct and guaranteed 5,51*0 3,795 200 1,450 10 — 45 40 — — Other bills discounted 5,000 2,125 480 46o 220 175 610 150 no 145 145 380 \ Total bills discounted 10,51*0 5,920 680 1,910 230 175 610 195 110 185 145 380 Industrial advances Xk,99k 448 621 5,H7 879 748 549 165 62 362 1,874 134 4,035 U. S. Government securities, direct and guaranteed: Bonds 2,166,053 172,077 565,236 166,632 193,506 141,300 08,294 263,509 105,028 58,622 93,934 84,517 213,308 Notes 1,320,1*1*1* 104,399 344,574 101,582 121,009 86,133 59,919 160,638 64,027 35,735 60,312 51,523 130,083 C erti ficate s 63I*, 1*1*8 50,.402 165,561 48,807 58,143 41,388 28,791 77,183 30,763 17,171 28,078 24,756 62,505 Bills 1*29,911 27,320 108,170 25,414 31,378 21,596 16,814 112,514 15,359 8,835 17,111 12,738 32,162 f Total U S. Govt securities, # direct and guaranteed li. 550.856 354,698 1,183,541 342,435 409,036 290,422 203,818 * 613,344 215,677 120,363 205,335 173,534 438,153 Total bills and securities 11576,390 355,146 1,190,082 348,232 411,325 291,400 204, 542" 614,619 215,934 120,835 207,394 173,313 442,568 Due from foreign banks ii7 3 1/ 18 5 4 2 2 6 1 * 1 1 4 F. R. notes of other banks 37,1*1*9 1,356 2T,617 853 2,216 8,304 3,363 4,651 3,221 1,736 3,595 1,044 4,493 Uncollected items 1,150,61*6 112,620 222,108 64,636 131,099 99,619 54,110 158,928 51,490 33,723 59,602 52,965 109,746 Bank premises 1*0,11*7 2,731 10,324 4,802 4,345 3,057 1,943 2,928 2,117 1,314 2,814 1,068 2,704 Other assets 6i*,176 4,651 16,136 4,803 6,547 4,344 2,786 7,684 3,017 1,845 3,085 2,550 6,723 TOTAL ASSETS 26,670,808 1,695,922 8,393,880 1,602,332 2,327,306 1,384,780 1,024,799-4,377,^999,733 624,760 971,342 756,796 2,511,616 •Less than $500. l/ After deducting $20,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis